Colorado

Colorado has an effective property tax rate of 0.49%, with a median annual property tax of $2,459. Properties are assessed at 6.7% of market value and reassessed every 2 years (odd-numbered years). Payments are due semi-annual.

Effective Rate

0.49%

Assessment Ratio

6.7%

Median Annual Tax

$2,459

Payment Frequency

Semi-Annual

Appeal Deadline

Within 30 days of Notice of Valuation (mailed by May 1); protest deadline is June 1

Due Dates

Full payment due April 30; or first half due February 28, second half due June 15

Reassessment Cycle

Every 2 years (odd-numbered years)

Homestead Exception

50% of first $200,000 in actual value for seniors (65+) and disabled veterans who have resided in the home for 10+ years

Key Notes

Residential assessment ratio was temporarily reduced from 7.15% to 6.7% (Senate Bill 23-303). Gallagher Amendment previously limited residential share of property tax. TABOR limits revenue growth.

Late Penalty

1% per month interest on delinquent taxes; additional advertising and distraint fees

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